https://www.taxtmi.com/caselaws?id=184426 The ITAT upheld the decision of the ld. Commissioner of Income Tax (Appeals) and dismissed the revenue's appeal, ruling that profit/gains from shares should be treated as long term capital gains rather than business income. The ITAT emphasized the consistent treatment of shares as investments in the assessee's records and the investment motive behind holding shares for a longer duration, supporting the classification as long term capital gains. The decision was based on previous rulings in favor of the assessee and concluded that no interference was necessary in the order. en-us Fri, 24 Jul 2015 00:00:00 +0530 Fri, 08 Jul 2016 12:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184426 The ITAT upheld the decision of the ld. Commissioner of Income Tax (Appeals) and dismissed the revenue's appeal, ruling that profit/gains from shares should be treated as long term capital gains rather than business income. The ITAT emphasized the consistent treatment of shares as investments in the assessee's records and the investment motive behind holding shares for a longer duration, supporting the classification as long term capital gains. The decision was based on previous rulings in favor of the assessee and concluded that no interference was necessary in the order. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184426